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AA4 Amedeo Air Four Plus Limited

41.70
0.70 (1.71%)
Last Updated: 14:00:12
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Amedeo Air Four Plus Limited LSE:AA4 London Ordinary Share GG00BNDVLS54 RED ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.70 1.71% 41.70 41.40 42.00 41.70 41.00 41.00 697,507 14:00:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Equip Rental & Leasing, Nec 208.1M 58.81M 0.1935 2.15 126.42M

Amedeo Air Four Plus Limited Acquisition of Asset (1370G)

24/05/2017 2:44pm

UK Regulatory


Amedeo Air Four Plus (LSE:AA4)
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TIDMAA4

RNS Number : 1370G

Amedeo Air Four Plus Limited

24 May 2017

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION IS UNLAWFUL.

AMEDEO AIR FOUR PLUS LIMITED

Acquisition of Asset

24 May, 2017

As anticipated in the Company's Supplementary Prospectus dated 5 January, 2017 (the "Supplementary Prospectus") Amedeo Air Four Plus Limited (the "Company"), via its wholly-owned subsidiary AA4P Kappa Limited ("AA4PK"), on 24 May, 2017 purchased one A380-800 aircraft bearing manufacturer's serial number 237 (the "Aircraft").

Upon delivery of the Aircraft, AA4PK also entered into an aircraft lease agreement with Etihad Airways PJSC ("Etihad") pursuant to which the Aircraft has been leased to Etihad for a term of 12 years.

Following this purchase, the Company now owns eight A380-800 and two B777-300ER aircraft each of which have been leased to either Etihad or Emirates Airline, as applicable.

About the Company

The Company is a Guernsey-domiciled company, with shares admitted to trading on the Specialist Fund Segment of the London Stock Exchange's Main Market (LSE: AA4).

The Company's investment objective is to obtain income returns and a capital return for its Shareholders by acquiring, leasing and then selling aircraft (the "Assets").

To pursue its investment objective, the Company will seek to use the net proceeds of placings and/or other equity capital raisings, together with financing facilities (or instruments), to acquire widebody or other aircraft which will be leased to one or more major airlines.

The Company aims to provide Shareholders with an attractive total return comprising income from distributions through the period of the Company's ownership of the Assets and capital upon the sale of the Assets.

It is anticipated that income distributions will be made to Shareholders quarterly, subject to compliance with applicable laws and regulations. The Company currently targets a distribution to investors of 2.0625 pence per Share per quarter as detailed in the Supplementary Prospectus.

Defined terms used in this announcement shall have the same meaning as ascribed to them in the Company's Supplementary Prospectus dated 5 January, 2017.

For further information, please contact:

For administrative and company information:

JTC Fund Solutions (Guernsey) Limited

+44 (0) 1481 702 400

For shareholder information:

Nimrod Capital LLP

Richard Bolchover

Marc Gordon

+44 (0) 20 7382 4565

END OF ANNOUNCEMENT

E&OE - in transmission

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQAIMJTMBITBJR

(END) Dow Jones Newswires

May 24, 2017 09:44 ET (13:44 GMT)

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